Senior Analyst Prudential Risk

Role Overview

The Prudential Risk function is required to act as the principal agent for the Bank in the construction of several of the Bank’s key regulatory publications, namely the Enterprise Risk Management Framework including the Risk Appetite Statement, ICAAP, ILAAP, Pillar 3 Disclosures, Recovery Plan, Resolution Pack, and drive the periodic Fire Drill Exercise.

The function operates in close partnership with the Regulatory Risk, Finance and Treasury functions as well as close coordination with the CRO to drive understanding and necessary input on key issues affecting the construction of each of these documents.

The role holder fulfils a high-profile position in the Bank and as such needs to be effective with all levels of staff including Board members. Consequently, role holder is expected to be an influential, proactive, problem-solving self-starter who needs little direction holding both the gravitas and thoughtful engagement to promote collaboration and collective solutions across the bank.

Regulatory Responsibilities:

Ensuring compliance with the Conduct Rules, set out below (including the 12 FCA Principles for Business and 8 PRA Fundamental Rules).

Production of key documents within prescribed timelines.

Prudential Risk Responsibilities:

Lead the production of ICAAP, ILAAP, Pillar 3, RAS, Recovery Plan and Resolution Pack in close coordination with the CRO.

Co-ordinate ‘Fire Drill’ tests of the Recovery Plan as and when required. Ensure all EUC / Model / Stress Testing tools, controls and processes are fully documented, appropriately controlled, backed up and verified.

Enterprise Responsibilities

Provide guidance and challenge to colleagues on regulatory interpretations, issues, and reporting requirements relevant to regulatory reporting. Advising colleagues and stakeholders on prudential risk and risk management best practices across the bank, leverage these key documents for the betterment of the Bank, embedding their use in decision making, planning, and forecasting. Ensure reporting is effective, thoughtfully crafted, robust, data is accurate, breaches are promptly identified, escalated in a timely and effective way and appropriate early warning tools are installed and effective.

Monitoring and Escalation

Provide relevant and accurate MI and ad-hoc updates to ALCO / EXCO as required including escalation to Board as a part of RAS control and monitoring.

Enhancement and automation of risk reports and tools with Excel functions and VBA (where appropriate).

Additional responsibilities

Keeping up to date with industry best practice and regulatory developments.

To assist with other analytical and project work and ad hoc duties assigned to them.

Skills required in priority order:

• Experience with ICAAP, ILAAP, Recovery Plan, Resolution Pack, Pillar 3 documents.
• Qualified Accountant, desirable.
• Be proactive, well organised and disciplined to ensure deadlines are consistently met.
• Driven, ambitious, self-starter who can grasp a concept quickly and deliver a reasoned investigation and analysis.
• Highly developed writing skills commensurate with professional financial publications.
• Excellent organisational, interpersonal and communication skills in both written and spoken English.
• Personable and approachable to all levels of employees.
• Attention to detail - to pick up on errors and produce accurate work.
• Well-developed understating of the financial risks facing a Bank.
• Grasp of the reasons for a strong control environment and operates with this mentality.
• Experience of, or significant exposure to, working in a Trade Finance environment.
• Understanding of the use and risks associated with Interest Rate Futures, Foreign Exchange, Interest Rate Swaps, Bonds, Wholesale Money Market and Trade Finance Products.
• Software Knowledge required / desired:
• Microsoft Office package MS Excel Advanced (Essential) VBA (Desired).
• MS Word. MS PowerPoint, and MS Outlook.
• Specific knowledge desirable/not necessarily required:
• Accounting knowledge.
• Familiarity with the regulatory returns that are used in the ICAAP and ILAAP.
• Understanding and awareness of the Capital Requirements Regulation.

The following highlights relevant Conduct Rules under the Senior Managers Regime. The Bank will provide separate detailed guidance and training on these responsibilities.

Individual Conduct Rules:

Rule 1: You must act with integrity.

Rule 2: You must act with due skill, care and diligence.

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators.

Rule 4: You must pay due regard to the interests of customers and treat them fairly.

Rule 5: You must observe proper standards of market conduct.

Rule 6: You must act to deliver good outcomes for retail customers.

Our client is an equal opportunity employer and ensures that no applicant is subject to less favourable treatment on the grounds of gender, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, responsibilities for dependants, physical or mental disability. Candidates are selected for interview based on their skills, qualifications and experience.

Please note that we can only consider candidates who are eligible to work in the UK and are able to provide relevant supporting documentation.

For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500

Email:         enrico@wintermannsearch.co.uk